Norbert And Paula Gits Foundation
- Assets
- $0.0
- Revenue
- $13.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 12/2000
- Data as of
- 06/2021
- EIN
- 52-7109505
Organization Overview
Norbert And Paula Gits Foundation is located in Vero Beach, FL. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norbert And Paula Gits Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Norbert And Paula Gits Foundation generated $13.9k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $265.6k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Norbert And Paula Gits Foundation has awarded 104 individual grants totaling $517,725. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norbert Gits Bessemer Tr Co Fl Advisory Committee Member | 2 | $0 | |
Bessemer Tr Co Fl Corporate Trustee | 6 | $0 | |
Paula Gits Bessemer Tr Co Fl Advisory Committee Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,432 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,469 |
| Capital Gain Net Income | $11,469 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,901 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $662 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $269 |
| Total operating and administrative expenses | $8,886 |
| Contributions, gifts, grants paid | $256,685 |
| Total expenses and disbursements | $265,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Norbert And Paula Gits Foundation has awarded $256,685 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BESSEMER NATIONAL GIFT FUND CO BESSEMER TRUST COMPANY PURPOSE: PROGRAM FUNDING | $254,375 |
ST MARY'S PARISH PURPOSE: PROGRAM FUNDING | $860 |
ST MARY'S SCHOOL PURPOSE: PROGRAM FUNDING | $750 |
Leland, MI PURPOSE: PROGRAM FUNDING | $550 |
Leland, MI PURPOSE: PROGRAM FUNDING | $100 |
ALZHEIMER DISEASE FUND PURPOSE: PROGRAM FUNDING | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
The Frederick A Deluca Foundation Inc Pompano Beach, FL | $724,648,898 | $109,039,821 |
Ted Arison Family Found Aventura, FL | $489,424,665 | $63,628,275 |
Arison Arts Foundation Coral Gables, FL | $423,071,215 | $88,937,143 |
Poses Family Foundation Miami Beach, FL | $501,022,398 | $55,408,716 |
Jim Moran Foundation Inc Deerfield Beach, FL | $191,270,194 | $47,763,594 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Kovner Foundation Jupiter, FL | $0 | $19,441,586 |
Naples Children And Education Naples, FL | $64,560,487 | $12,642,425 |
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |